These terms and conditions govern your use of the website alphaminr.com and its related services.
These Terms and Conditions (“Terms”) are a binding contract between you and Alphaminr, (“Alphaminr”, “we”, “us” and “service”). You must agree to and accept the Terms. These Terms include the provisions in this document as well as those in the Privacy Policy. These terms may be modified at any time.
Your subscription will be on a month to month basis and automatically renew every month. You may terminate your subscription at any time through your account.
We will provide you with advance notice of any change in fees.
You represent that you are of legal age to form a binding contract. You are responsible for any
activity associated with your account. The account can be logged in at only one computer at a
time.
The Services are intended for your own individual use. You shall only use the Services in a
manner that complies with all laws. You may not use any automated software, spider or system to
scrape data from Alphaminr.
Alphaminr is not a financial advisor and does not provide financial advice of any kind. The service is provided “As is”. The materials and information accessible through the Service are solely for informational purposes. While we strive to provide good information and data, we make no guarantee or warranty as to its accuracy.
TO THE EXTENT PERMITTED BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL ALPHAMINR BE LIABLE TO YOU FOR DAMAGES OF ANY KIND, INCLUDING DAMAGES FOR INVESTMENT LOSSES, LOSS OF DATA, OR ACCURACY OF DATA, OR FOR ANY AMOUNT, IN THE AGGREGATE, IN EXCESS OF THE GREATER OF (1) FIFTY DOLLARS OR (2) THE AMOUNTS PAID BY YOU TO ALPHAMINR IN THE SIX MONTH PERIOD PRECEDING THIS APPLICABLE CLAIM. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL OR CERTAIN OTHER DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
If any provision of these Terms is found to be invalid under any applicable law, such provision shall not affect the validity or enforceability of the remaining provisions herein.
This privacy policy describes how we (“Alphaminr”) collect, use, share and protect your personal information when we provide our service (“Service”). This Privacy Policy explains how information is collected about you either directly or indirectly. By using our service, you acknowledge the terms of this Privacy Notice. If you do not agree to the terms of this Privacy Policy, please do not use our Service. You should contact us if you have questions about it. We may modify this Privacy Policy periodically.
When you register for our Service, we collect information from you such as your name, email address and credit card information.
Like many other websites we use “cookies”, which are small text files that are stored on your computer or other device that record your preferences and actions, including how you use the website. You can set your browser or device to refuse all cookies or to alert you when a cookie is being sent. If you delete your cookies, if you opt-out from cookies, some Services may not function properly. We collect information when you use our Service. This includes which pages you visit.
We use Google Analytics and we use Stripe for payment processing. We will not share the information we collect with third parties for promotional purposes. We may share personal information with law enforcement as required or permitted by law.
| |
|
| |
Notice of 2023 Annual Meeting of Stockholders
|
|
| |
|
| |
to elect the ten Board nominees named in the accompanying proxy statement, each to hold office until the next succeeding annual meeting of stockholders or until such director’s successor shall have been duly elected and qualified (or, if earlier, such director’s removal or resignation from Vimeo’s Board of Directors);
|
|
| |
|
| |
to hold a non-binding advisory vote (the “say on frequency” vote) on the frequency of holding future advisory votes on executive compensation (the “say on pay” vote);
|
|
| |
|
| |
to ratify the appointment of Ernst & Young LLP as Vimeo’s independent registered public accounting firm for the 2023 fiscal year;
|
|
| |
|
| |
to approve the amendment of the Vimeo, Inc. 2021 Stock and Annual Incentive Plan (the “2021 Plan”) to increase the number of shares that may be delivered under the 2021 Plan by 10,000,000; and
|
|
| |
|
| |
to transact such other business as may properly come before the meeting and any related adjournments or postponements.
|
|
| | | | | BY ORDER OF THE BOARD OF DIRECTORS, | |
| | | | |
|
|
| | April 25, 2023 | | |
JESSICA TRACY
Vice President, Associate General Counsel & Assistant Secretary |
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement i
|
|
| | EXECUTIVE COMPENSATION | | | | | 37 | | |
| | | | | | 37 | | | |
| | | | | | 42 | | | |
| | | | | | 43 | | | |
| | | | | | 44 | | | |
| | | | | | 45 | | | |
| | | | | | 47 | | | |
| | | | | | 51 | | | |
| | | | | | 51 | | | |
| | | | | | 51 | | | |
| | | | | | 51 | | | |
| | | | | | 55 | | | |
| | | | | | 58 | | | |
| | DIRECTOR COMPENSATION | | | | | 59 | | |
| | EQUITY COMPENSATION PLAN INFORMATION | | | | | 62 | | |
| | | | | | 63 | | | |
| | CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS | | | | | 65 | | |
| | | | | | 65 | | | |
| | | | | | 65 | | | |
| | OTHER MATTERS | | | | | 68 | | |
| | | | | | 68 | | | |
| | | | | | 68 | | | |
| | | | | | 68 | | | |
| | ANNEX A: Vimeo, Inc. 2021 Stock and Annual Incentive Plan, as Amended and Restated | | | | | 70 | | |
| | ANNEX B: GAAP to Non-GAAP Reconciliations | | | | | 85 | | |
| | PROXY CARDS | | | | | | | |
| |
ii Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
Notice of Annual Meeting of Stockholders
Date
Tuesday, June 6, 2023
Time
10:00 a.m. Eastern Time |
| | | | | |
There are four ways to vote:
|
| |||||||||
| | | | | |
|
| |
|
| |
|
| |
|
| |||
| | | | | |
•
by Internet at
www.proxyvote .com
, 24 hours a day, seven days a week, until 11:59 p.m. Eastern Time on June 5, 2023 (have your Notice or proxy card in hand when you visit the website);
|
| |
•
by toll-free telephone until 11:59 p.m. Eastern Time on June 5, 2023 at 1-800-690-6903 (be sure to have your Notice or proxy card in hand when you call);
|
| |
•
by completing and mailing your proxy card so it is received prior to the Annual Meeting (if you received printed proxy materials); and
|
| |
•
by attending and voting at the virtual Annual Meeting by visiting
www.virtualshareholder
meeting.com/VMEO2023 , where stockholders may vote and submit questions during the Annual Meeting (have your proxy card in hand when you visit the website).
|
| |||
| | | Proposal 1 | | | | The election of the ten Board nominees named in this proxy statement | | | |
FOR
|
| |
| | | Proposal 2 | | | | With respect to the say on frequency vote, to hold the say on pay vote every year at our Annual Meeting of Stockholders | | | |
EVERY
ONE YEAR |
| |
| | | Proposal 3 | | | | The ratification of the appointment of Ernst & Young LLP as Vimeo’s independent registered public accounting firm for our fiscal year ending December 31, 2023 | | | |
FOR
|
| |
| | | Proposal 4 | | | | The approval of the amendment of the Vimeo, Inc. 2021 Stock and Annual Incentive Plan (the “2021 Plan”) to increase the number of shares that may be delivered under the 2021 Plan by 10,000,000 | | | |
FOR
|
| |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 1
|
|
| |
2 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 3
|
|
| |
4 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 5
|
|
| |
6 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 7
|
|
| |
8 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 9
|
|
| |
10 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
Proposal 1
|
| | |
✓
The Board recommends that our stockholders vote
FOR
the election of all director nominees.
|
|
| | Election of Directors | | | |||
| | Proposal and Required Vote | | | |||
| | At the upcoming Annual Meeting, a board of ten directors will be elected, each to hold office until the next succeeding annual meeting of stockholders or until such director’s successor shall have been duly elected and qualified (or, if earlier, such director’s removal or resignation from our Board). Information concerning director nominees, all of whom are incumbent directors of Vimeo (with the exception of Mr. von Furstenberg) and have been recommended by the Nominating and Corporate Governance Committee for re-election, appears below. Although management does not anticipate that any of the persons named below will be unable or unwilling to stand for election, in the event of such an occurrence, proxies may be voted for a substitute designated by the Board. | | | |||
| | The election of each of Adam Gross, Jay Herratti, Mo Koyfman, Nabil Mallick, Glenn H. Schiffman, Alexander von Furstenberg and Anjali Sud as directors requires the affirmative vote of a plurality of the total number of votes cast by the holders of shares of Vimeo capital stock voting together as a single class, with each share of common stock and Class B common stock representing the right to one and ten vote(s), respectively. | | | |||
| | The Board has designated Alesia J. Haas, Ida Kane and Shelton “Spike” Lee as nominees for those positions on the Board to be elected by the holders of Vimeo common stock voting as a separate class. The election of each of them as directors requires the affirmative vote of a plurality of the total number of votes cast by the holders of shares of Vimeo common stock voting as a separate class. | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 11
|
|
| |
12 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 13
|
|
| |
14 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 15
|
|
| |
Board Diversity Matrix (as of December 31, 2022)
|
| |||
| |
Total Number of Directors
|
| |
11
|
|
| | | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did Not
Disclose Gender |
| ||||||||||||
|
Part 1: Gender Identity
|
| | | | | | | | | | | | | | | | | | | | | | | | |
|
Directors
|
| | | | 3 | | | | | | 7 | | | | | | — | | | | | | 1 | | |
|
Part II: Demographic Background
|
| | | | | | | | | | | | | | | | | | | | | | | | |
|
African American or Black
|
| | | | — | | | | | | 1 | | | | | | — | | | | | | — | | |
|
Asian
|
| | | | 1 | | | | | | 1 | | | | | | — | | | | | | — | | |
|
Hispanic or Latinx
|
| | | | 1 | | | | | | — | | | | | | — | | | | | | — | | |
|
White
|
| | | | 1 | | | | | | 5 | | | | | | — | | | | | | — | | |
|
LGBTQ+
|
| | | | | | | | | | | | | | | | 1 | | | | | | | | |
|
Demographic Background Undisclosed
|
| | | | | | | | | | | | | | | | 1 | | | | | | | | |
| |
16 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 17
|
|
| | | | |
Audit
Committee |
| | |
Compensation and
Human Capital Management Committee |
| | |
Nominating and
Corporate Governance Committee |
|
|
ADAM GROSS (1)
|
| | |
✓
|
| | | | | | | | |
|
ALESIA J. HAAS (1)
|
| | |
|
| | | | | | |
✓
|
|
|
KENDALL HANDLER (2)
|
| | | | | | | | | | | | |
|
JAY HERRATTI (1)
|
| | | | | | |
✓
|
| | | | |
|
IDA KANE (1)
|
| | |
✓
|
| | | | | | | | |
|
MO KOYFMAN (1)
|
| | | | | | |
|
| | |
✓
|
|
|
SPIKE LEE (1)
|
| | | | | | | | | | | | |
|
JOSEPH LEVIN (2)
|
| | | | | | | | | | | | |
|
NABIL MALLICK (1)
|
| | | | | | |
✓
|
| | | | |
|
GLENN H. SCHIFFMAN
|
| | | | | | | | | | | | |
|
ANJALI SUD
|
| | | | | | | | | | | | |
|
Number of Meetings
|
| | |
4
|
| | |
7
|
| | |
0
|
|
| |
|
| |
Chair
|
| |
✓
|
| |
Member
|
|
| |
18 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 19
|
|
| |
Proposal 2
|
| | |
✓
The Board recommends that our stockholders vote for holding future stockholder advisory “say on pay” votes
EVERY ONE YEAR
.
|
|
| | Advisory Vote on the Frequency of Holding Future Stockholder Advisory Votes on the Compensation of our Named Executive Officers (the “Say on Frequency” Vote) | | | |||
| | As required pursuant to the Dodd-Frank Act and Section 14 of the Exchange Act, we are seeking a non-binding advisory vote (the “say on frequency” vote) from our stockholders regarding the frequency of holding future advisory say on pay votes. In casting your advisory vote, you may indicate whether you prefer that we seek an advisory vote every one, two or three years. You may also abstain from voting on this matter. | | | |||
| | After thoughtful consideration, our Board believes that holding an advisory vote on executive compensation every year is the most appropriate policy for the Company and our stockholders. In formulating its recommendation, our Board considered that compensation decisions are made annually and that an annual advisory vote on the compensation of our named executive officers will allow stockholders to provide more frequent and direct input on our compensation philosophy, policies, and practices. | | | |||
| | This is the first non-binding advisory vote on the frequency of say on pay votes that we are seeking, and the next such vote is expected to be held at our 2029 Annual Meeting of Stockholders. In accordance with SEC regulations, we expect to hold our first say on pay vote at our 2024 Annual Meeting of Stockholders, which will be held prior to the three-year anniversary of the Spin-off. | | |
| |
20 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
Proposal 3
|
| | |
✓
The Board recommends that our stockholders vote
FOR
the ratification of the appointment of Ernst & Young as Vimeo’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
|
|
| | Ratification of Appointment of Independent Registered Public Accounting Firm | | | |||
| | Subject to stockholder ratification, the Audit Committee of Vimeo’s Board has appointed Ernst & Young LLP (“Ernst & Young”) as our independent registered public accounting firm for the fiscal year ending December 31, 2023. | | | |||
| | The Audit Committee annually evaluates the performance of Ernst & Young and determines whether to continue to retain such firm or consider the retention of another firm. In appointing Ernst & Young as our independent registered public accounting firm for the 2023 fiscal year, the Audit Committee considered: (i) the firm’s performance as the Company’s independent registered public accounting firm, (ii) the fact that Ernst & Young has audited the financial statements of Vimeo since it was a wholly-owned subsidiary of IAC, (iii) Ernst & Young’s independence with respect to the services to be performed for the Company and (iv) Ernst & Young’s strong and considerable qualifications and general reputation for adherence to professional auditing standards. In addition, in conjunction with the mandated rotation of the lead engagement partner every five years, the Audit Committee is directly involved in the selection of the new lead engagement partner. | | | |||
| | A representative of Ernst & Young is expected to be present at the Annual Meeting and will be given an opportunity to make a statement if he or she so chooses and will be available to respond to appropriate questions. | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 21
|
|
| |
22 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| | | |
2022
|
| |
2021
|
| ||||||
|
Audit Fees
|
| | | $ | 1,756,540 (1) | | | | | $ | 1,486,125 (2) | | |
|
Audit-Related Fees
|
| | | $ | — | | | | | $ | — | | |
|
Total Audit and Audit-Related Fees
|
| | | $ | 1,756,540 | | | | | $ | 1,486,125 | | |
|
Tax Fees
|
| | | $ | — | | | | | $ | — | | |
|
Total Fees
|
| | | $ | 1,756,540 | | | | | $ | 1,486,125 | | |
|
Other Fees
|
| | | $ | — | | | | | $ | — | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 23
|
|
| |
24 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 25
|
|
| |
26 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| | |
Prior to Spin-off or Upon Spin-off
|
| | |
Since Spin-off
|
| | ||||||||||||||||
| | |
Award Category
|
| | |
Unvested/
Outstanding as of 12/31/2022 (in millions) |
| | |
As a % of
Capital Stock Outstanding (1) |
| | |
Award Category
|
| | |
Unvested/
Outstanding as of 12/31/2022 (in millions) |
| | |
As a % of
Capital Stock Outstanding (1) |
| |
| | |
SARs granted
prior to Spin-off |
| | |
10.4
|
| | |
6.20%
|
| | |
RSUs granted
after Spin-off (2) |
| | |
14.4
|
| | |
8.70%
|
| |
| | |
RSUs granted
prior to Spin-off |
| | |
1.5
|
| | |
0.90%
|
| | | | | | | | | | | | | |
| | |
IAC equity
converted to Vimeo equity upon Spin-off |
| | |
9.7
|
| | |
5.8%
|
| | | | | | | | | | | | | |
| | |
Total
|
| | |
21.6
|
| | |
13.0%
|
| | |
Total
|
| | |
14.4
|
| | |
8.70%
|
| |
| | |
Weighted-Average Exercise Price vs. Stock Price
|
| | |||||||
| | |
Award Type
|
| | |
Weighted-Average Exercise Price
|
| | |||
| | |
Outstanding Stock Options
|
| | | | $ | 4.39 | | | |
| | |
Outstanding SARs
|
| | | | $ | 6.52 | | | |
| | |
Stock Price as of December 31,
2022 |
| | | | $ | 3.43 | | | |
| | |
Fiscal
Year |
| | |
Restricted
Stock Units Granted (1) (in millions) |
| | |
Levin
Restricted Shares Granted (in millions) |
| | |
Stock
Appreciation Rights Granted (in millions) |
| | |
Weighted
Average Basic Common Shares Outstanding(2) (in millions) |
| | |
Burn Rate
|
| |
| | |
2022
|
| | |
13.9
|
| | |
0
|
| | |
0
|
| | |
161.5
|
| | |
8.6%
|
| |
| | |
2021
|
| | |
3.4
|
| | |
4.9
|
| | |
0.1
|
| | |
159.9
|
| | |
5.2%
|
| |
| | |
2020
|
| | |
0.1
|
| | |
0
|
| | |
4.0
|
| | |
159.4
|
| | |
2.6%
|
| |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 27
|
|
| |
28 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 29
|
|
| |
30 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 31
|
|
| |
32 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
|
Name and Position
|
| |
Number of Stock
Options |
| |
Number of RSUs
|
| ||||||
|
Anjali Sud
|
| | | | — | | | | | | 991,125 | | |
|
Gillian Munson
|
| | | | — | | | | | | 827,802 | | |
| Mark Kornfilt | | | | | — | | | | | | 164,528 | | |
|
Michael A. Cheah
|
| | | | — | | | | | | 247,253 | | |
|
Narayan Menon(1)
|
| | | | — | | | | | | — | | |
|
All executive officers as a group
|
| | | | — | | | | | | 2,230,708 | | |
|
All non-executive directors as a group
|
| | | | — | | | | | | 218,745 | | |
|
All non-executive officer employees as a group
|
| | | | — | | | | | | 11,427,780 | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 33
|
|
| |
34 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
|
Name
|
| |
Age
|
| |
Position
|
|
| Eric Cox | | |
52
|
| | Chief Operating Officer | |
| Gillian Munson | | |
52
|
| | Chief Financial Officer | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 35
|
|
| |
36 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 37
|
|
| |
38 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
|
Name and Title
|
| |
2022 Target Bonus
(as a percentage of base salary) |
| |
2022 Actual Bonus
(as a percentage of target bonus) |
| |
Considerations of the Committee
|
|
|
Anjali Sud
Chief Executive Officer |
| | 100% | | | 50% | | |
•
Ms. Sud’s leadership position, including her role as Chief Executive Officer;
•
Ms. Sud’s offer to take a 0% bonus for the year in recognition of her leadership position at the Company during a difficult year; with the knowledge of this offer, however, the Committee determined that a 50% bonus would be more appropriate; and
•
the Company’s 2022 financial results, including Adjusted EBITDA, revenue growth and bookings
|
|
|
Gillian Munson (1)
Chief Financial Officer (beginning April 4, 2022) |
| | 80% | | | 75% | | |
•
Ms. Munson’s role as Chief Financial Officer, including her management of our finance and investor relations functions;
•
Ms. Munson’s overall leadership;
•
Ms. Munson’s assumption of additional responsibilities through the Chief Financial Officer transition; and
•
the Company’s 2022 financial results, including Adjusted EBITDA, revenue growth and bookings
|
|
|
Mark Kornfilt
Former President (until March 31, 2023) |
| | 100% | | | 50% | | |
•
Mr. Kornfilt’s leadership positions, including Mr. Kornfilt’s roles as both President and as Interim Chief Executive Officer during 2022;
•
Mr. Kornfilt’s offer to take a 0% bonus for the year in recognition of his leadership position at the Company during a difficult year; with the knowledge of this offer, however, the Committee determined that a 50% bonus would be more appropriate; and
•
the Company’s 2022 financial results, including Adjusted EBITDA, revenue growth and bookings
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 39
|
|
|
Name and Title
|
| |
2022 Target Bonus
(as a percentage of base salary) |
| |
2022 Actual Bonus
(as a percentage of target bonus) |
| |
Considerations of the Committee
|
|
|
Michael A. Cheah
Former General Counsel & Secretary (until January 31, 2023) |
| | 60% | | | 75% | | |
•
Mr. Cheah’s role as General Counsel & Secretary, including his management of our legal, compliance, privacy, safety, and government affairs functions;
•
Mr. Cheah’s overall leadership; and
•
the Company’s 2022 financial results, including Adjusted EBITDA, revenue growth and bookings
|
|
|
Narayan Menon (1)
Former Chief Financial Officer (until April 4, 2022) |
| | 65% | | | 100% | | |
•
Mr. Menon’s transition assistance with respect to the role of Chief Financial Officer and other senior level services provided to the Company
|
|
| |
40 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 41
|
|
| |
42 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
|
Name and Principal Positions
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($)(1) |
| |
Stock
Awards ($)(2) |
| |
Option
Awards ($) |
| |
All Other
Compensation ($)(3) |
| |
Total
($) |
| |||||||||||||||||||||
|
Anjali Sud
Chief Executive Officer |
| | | | 2022 | | | | | $ | 600,000 | | | | | $ | 300,000 | | | | | $ | 7,184,861 | | | | | $ | — | | | | | $ | 11,000 | | | | | $ | 8,095,861 | | |
| | | | 2021 | | | | | $ | 600,000 | | | | | $ | 600,000 | | | | | $ | 15,315,219 | | | | | $ | 2,318,908 (4) | | | | | $ | 10,000 | | | | | $ | 18,844,127 | | | ||
| | | | 2020 | | | | | $ | 400,000 | | | | | $ | 750,000 | | | | | $ | — | | | | | $ | 49,726 (5) | | | | | $ | 10,000 | | | | | $ | 1,209,726 | | | ||
|
Gillian Munson
Chief Financial Officer (7) |
| | | | 2022 | | | | | $ | 300,000 (8) | | | | | $ | 178,850 | | | | | $ | 10,587,588 | | | | | $ | — | | | | | $ | 10,000 | | | | | $ | 11,076,438 | | |
|
Mark Kornfilt
Former President and interim Chief Executive Officer (April 2022 to June 2022) |
| | | | 2022 | | | | | $ | 450,000 | | | | | $ | 225,000 | | | | | $ | 3,189,619 | | | | | $ | — | | | | | $ | 30,000 | | | | | $ | 3,894,619 | | |
| | | | 2021 | | | | | $ | 450,000 | | | | | $ | 450,000 | | | | | $ | 12,252,210 | | | | | $ | 895,234 (4) | | | | | $ | 10,000 | | | | | $ | 14,057,444 | | | ||
| | | | 2020 | | | | | $ | 350,000 | | | | | $ | 500,000 | | | | | $ | — | | | | | $ | — | | | | | $ | 10,000 | | | | | $ | 860,000 | | | ||
|
Michael A. Cheah
Former General Counsel & Secretary |
| | | | 2022 | | | | | $ | 325,000 | | | | | $ | 146,250 | | | | | $ | 3,409,539 | | | | | $ | 566,871 (6) | | | | | $ | 10,000 | | | | | $ | 4,457,660 | | |
|
Narayan Menon
Former Chief Financial Officer (8) |
| | | | 2022 | | | | | $ | 350,000 | | | | | $ | 93,493 | | | | | $ | — | | | | | $ | 3,360,627 (9) | | | | | $ | 10,000 | | | | | $ | 3,814,120 | | |
| | | | 2021 | | | | | $ | 350,000 | | | | | $ | 227,500 | | | | | $ | — | | | | | $ | 1,783,016 (4) | | | | | $ | 10,000 | | | | | $ | 2,370,516 | | | ||
| | | | 2020 | | | | | $ | 350,000 | | | | | $ | 725,000 | | | | | $ | — | | | | | $ | 3,425,400 (7) | | | | | $ | 10,000 | | | | | $ | 4,510,400 | | | ||
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 43
|
|
| | | |
Grant
Date |
| |
Estimated future payouts under
equity incentive plan awards |
| |
All other
stock awards: Number of shares of stock or units (#) |
| |
Grant date
fair value of stock and option awards ($)(8) |
| |||||||||||||||||||||
|
Name
|
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| ||||||||||||||||||||||||
|
Anjali Sud
|
| | | | 3/25/2022 (1) | | | | | | 291,375 | | | | | | 701,100 | | | | | | 991,125 | | | | | | — | | | |
7,184,861
|
|
|
Gillian Munson
|
| | | | 4/4/2022 (2) | | | | | | — | | | | | | — | | | | | | — | | | | | | 827,802 | | | |
10,587,588
|
|
|
Mark Kornfilt
|
| | | | 3/25/2022 (3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 164,528 | | | |
1,977,627
|
|
| | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
1,211,992(4)
|
|
|
Michael A. Cheah
|
| | | | 3/28/2022 (5) | | | | | | — | | | | | | — | | | | | | — | | | | | | 247,253 | | | |
3,056,047
|
|
| | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
353,492(6)
|
|
| | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
566,871(7)
|
|
|
Narayan Menon
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
3,360,627(9)
|
|
| |
44 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 45
|
|
| |
46 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 47
|
|
| | | |
Option Awards
|
| | | | | | | | | | | | | |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||
| | | |
Grant
date |
| |
Number of
securities underlying unexercised SARs/ options (#) |
| |
Number of
securities underlying unexercised SARs/ options (#) |
| |
Option/
SAR exercise price ($) |
| |
Option/
SAR expiration date |
| |
Number of
shares or units of stock that have not vested (#)(1) |
| |
Market value
of shares or units of stock that have not vested ($)(5) |
| |
Equity
Incentive Plan Awards: Number of unearned shares, units or other rights that have not vested (#)(3) |
| |
Equity
Incentive Plan Awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(5) |
| |||||||||||||||||||||||||||
| | | | | | | | | |
(Exercisable)
|
| |
(Unexercisable)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
|
Anjali Sud
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Vimeo SARs
|
| | | | 2/10/2016 | | | | | | 50,715 | | | | | | — | | | | | $ | 4.73 | | | | | | 2/10/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 8/9/2016 | | | | | | 101,430 | | | | | | — | | | | | $ | 4.73 | | | | | | 8/9/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 2/14/2017 | | | | | | 50,715 | | | | | | — | | | | | $ | 4.73 | | | | | | 2/14/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 8/24/2017 | | | | | | 1,065,015 | | | | | | — | | | | | $ | 4.73 | | | | | | 8/24/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 8/24/2017 | | | | | | 507,150 | | | | | | — | | | | | $ | 6.99 | | | | | | 8/24/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 3/2/2018 | | | | | | 253,575 | | | | | | — | | | | | $ | 5.95 | | | | | | 3/2/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 7/17/2019 | | | | | | 710,010 | | | | | | — | | | | | $ | 6.73 | | | | | | 7/17/2029 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo stock options
|
| | | | 12/1/2016 | | | | | | 8,117 (2) | | | | | | — | | | | | $ | 4.11 | | | | | | 12/1/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo RSUs
|
| | | | 3/3/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 430,395 (1) | | | | | $ | 1,476,255 | | | | | | — | | | | | | — | | |
|
Vimeo RSUs
|
| | | | 3/25/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 991,125 (3) | | | | | $ | 3,399,559 | | |
|
Gillian Munson
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Vimeo RSUs
|
| | | | 4/04/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 827,802 (1) | | | | | $ | 2,839,361 | | | | | | — | | | | | | — | | |
|
Mark Kornfilt
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Vimeo SARs
|
| | | | 11/1/2017 | | | | | | 126,787 | | | | | | — | | | | | $ | 4.90 | | | | | | 11/1/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 6/28/2018 | | | | | | 253,575 | | | | | | — | | | | | $ | 5.95 | | | | | | 6/28/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 6/28/2018 | | | | | | 126,787 | | | | | | — | | | | | $ | 5.95 | | | | | | 6/28/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 7/17/2019 | | | | | | 710,010 | | | | | | — | | | | | $ | 6.73 | | | | | | 7/17/2029 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo RSUs
|
| | | | 3/3/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 344,316 (1) | | | | | $ | 1,181,004 | | | | | | — | | | | | | — | | |
|
Vimeo RSUs
|
| | | | 3/25/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 164,528 (1) | | | | | $ | 564,331 | | | | | | — | | | | | | — | | |
|
Michael A. Cheah
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Vimeo SARs
|
| | | | 3/2/2018 | | | | | | 50,715 | | | | | | — | | | | | $ | 5.95 | | | | | | 3/02/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| |
48 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| | | |
Option Awards
|
| | | | | | | | | | | | | |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||
| | | |
Grant
date |
| |
Number of
securities underlying unexercised SARs/ options (#) |
| |
Number of
securities underlying unexercised SARs/ options (#) |
| |
Option/
SAR exercise price ($) |
| |
Option/
SAR expiration date |
| |
Number of
shares or units of stock that have not vested (#)(1) |
| |
Market value
of shares or units of stock that have not vested ($)(5) |
| |
Equity
Incentive Plan Awards: Number of unearned shares, units or other rights that have not vested (#)(3) |
| |
Equity
Incentive Plan Awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(5) |
| |||||||||||||||||||||||||||
| | | | | | | | | |
(Exercisable)
|
| |
(Unexercisable)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
|
Vimeo SARs
|
| | | | 3/2/2018 | | | | | | 50,715 | | | | | | — | | | | | $ | 5.95 | | | | | | 3/02/2028 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 7/17/2019 | | | | | | 190,181 | | | | | | 63,394(4 ) | | | | | $ | 6.73 | | | | | | 7/17/2029 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Vimeo RSUs
|
| | | | 3/3/2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 100,424 (1) | | | | | $ | 344,454 | | | | | | — | | | | | | — | | |
|
Vimeo RSUs
|
| | | | 3/28/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 247,253 (1) | | | | | $ | 848,078 | | | | | | — | | | | | | — | | |
|
Narayan Menon
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | |
|
Vimeo SARs
|
| | | | 2/24/2020 | | | | | | 1,255,196 | | | | | | — | | | | | $ | 6.72 | | | | | | 5/31/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | |
Number of Unvested RSUs
as of 12/31/22 (#) |
| |
Market Value of Unvested RSUs
as of 12/31/22 ($) |
| |
Vesting Schedule
(#) |
| |||||||||||||||||||||
|
Name
|
| |
2023
|
| |
2024
|
| |
2025
|
| |||||||||||||||||||||
|
Anjali Sud
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
March 3, 2021
|
| | | | 430,395 | | | | | $ | 1,476,255 | | | | | | — | | | | | | 430,395 | | | | | | — | | |
|
Gillian Munson
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
April 4, 2022
|
| | | | 827,802 | | | | | $ | 2,839,361 | | | | | | 275,934 | | | | | | 275,934 | | | | | | 275,934 | | |
|
Mark Kornfilt
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
March 3, 2021
|
| | | | 344,316 | | | | | $ | 1,181,004 | | | | | | — | | | | | | 344,316 | | | | | | — | | |
|
March 25, 2022
|
| | | | 164,528 | | | | | $ | 564,331 | | | | | | 164,528 | | | | | | — | | | | | | — | | |
|
Michael A. Cheah
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
March 3, 2021
|
| | | | 100,424 | | | | | $ | 344,454 | | | | | | — | | | | | | 100,424 | | | | | | — | | |
|
March 28, 2022
|
| | | | 247,253 | | | | | $ | 848,078 | | | | | | — | | | | | | — | | | | | | 247,253 | | |
|
Narayan Menon
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 49
|
|
| |
50 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| | | |
Option Awards
|
| |||||||||
|
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value
Realized on Exercise ($)(1) |
| ||||||
|
Anjali Sud
|
| | | | — | | | | | | — | | |
|
Gillian Munson
|
| | | | — | | | | | | — | | |
|
Mark Kornfilt
|
| | | | — | | | | | | — | | |
|
Michael A. Cheah
|
| | | | 16,235 | | | | | | 199,629 | | |
|
Narayan Menon
|
| | | | — | | | | | | — | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 51
|
|
| |
52 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 53
|
|
|
Name and Benefit
|
| |
Qualifying
Termination |
| |
Qualifying
Termination During the Two Year Period Following a Change in Control of Vimeo |
| |
Death/Disability
|
| |||||||||
|
Anjali Sud
|
| | | | | | | | | | | | | | | | | | |
|
Continued salary
|
| | | $ | 600,000 | | | | | $ | 600,000 | | | | | $ | — | | |
|
Continued health coverage (1)
|
| | | $ | 27,103 | | | | | $ | 27,103 | | | | | | — | | |
|
Market value of Vimeo RSUs that would vest (2)
|
| | | $ | 295,251 | | | | | $ | 4,875,814 (3) | | | | | $ | 295,251 | | |
|
Total estimated severance benefits
|
| | | $ | 922,354 | | | | | $ | 5,502,917 | | | | | $ | 295,251 | | |
|
Gillian Munson
|
| | | | | | | | | | | | | | | | | | |
|
Continued salary
|
| | | $ | 400,000 | | | | | $ | 400,000 | | | | | $ | — | | |
|
Continued health coverage (1)
|
| | | $ | 27,103 | | | | | $ | 27,103 | | | | | | — | | |
|
Market value of Vimeo RSUs that would vest (2)
|
| | | $ | 709,839 | | | | | $ | 2,839,361 | | | | | $ | — | | |
|
Total estimated severance benefits
|
| | | $ | 1,136,942 | | | | | $ | 3,266,464 | | | | | $ | — | | |
|
Mark Kornfilt
|
| | | | | | | | | | | | | | | | | | |
|
Continued salary
|
| | | $ | 450,000 | | | | | $ | 450,000 | | | | | $ | — | | |
|
Continued health coverage (1)
|
| | | $ | 27,103 | | | | | $ | 27,103 | | | | | | — | | |
|
Market value of Vimeo RSUs that would vest (2)
|
| | | $ | 236,200 | | | | | $ | 1,745,335 | | | | | $ | 236,200 | | |
|
Total estimated severance benefits
|
| | | $ | 713,303 | | | | | $ | 2,222,438 | | | | | $ | 236,200 | | |
|
Michael A. Cheah
|
| | | | | | | | | | | | | | | | | | |
|
Market value of Vimeo RSUs that would vest (2)
|
| | | $ | 68,888 | | | | | $ | 1,192,532 | | | | | $ | 68,888 | | |
|
Market value of Vimeo SARs that would vest (4)
|
| | | | — | | | | | $ | 217,441 | | | | | | — | | |
|
Total estimated severance benefits
|
| | | $ | 68,888 | | | | | $ | 1,409,973 | | | | | $ | 68,8888 | | |
| |
54 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
|
Year
(1) |
| |
Summary
Compensation Table Total for PEO (2) |
| |
Compensation
Actually Paid to PEO (3) |
| |
Average
Summary Compensation Table Total for Non-PEO NEOs (2) |
| |
Average
Compensation Actually Paid to Non- PEO NEOs (3) |
| |
Value of Initial Fixed
$100 Investment Based On: |
| |
Net Loss (6)
|
| |
|
| |||
| |
Total
Shareholder Return (4) |
| |
Peer
Group Total Shareholder Return (5) |
| ||||||||||||||||||||
| 2022 | | |
$
|
| |
$(
|
| |
$
|
| |
$(
|
| |
$
|
| |
$
|
| |
$(
|
| |
$(
|
|
| 2021 | | |
$
|
| |
$
|
| |
$
|
| |
$(
|
| |
$
|
| |
$
|
| |
$(
|
| |
$(
|
|
| | | | |
2022
|
| |
2021
|
| ||||||
| | | | |
PEO
|
| |
Average Non-
PEO NEOs |
| |
PEO
|
| |
Average Non-
PEO NEOs |
|
| |
Total Compensation for covered fiscal
year (FY) from Summary Compensation Table (SCT) |
| |
$
|
| |
$
|
| |
$
|
| |
$
|
|
| | DEDUCT : grant date fair value (GDFV) of equity awards granted during FY | | |
$(
|
| |
$(
|
| |
$(
|
| |
$(
|
|
| | ADD : Fair value (FV) as of FY-end of equity awards granted during the year that are outstanding and unvested as of FY-end | | |
$
|
| |
$
|
| |
$
|
| |
$
|
|
| | ADD : change as of end of FY (from end of prior FY) in FV of awards granted in any prior year that are outstanding and unvested as of FY-end | | |
$(
|
| |
$(
|
| | $— | | |
$(
|
|
| | ADD : vesting date FV for any equity awards granted during the year that vested at the end of or during FY | | | $— | | | $— | | | $— | | | $— | |
| | ADD : change as of the vesting date (from end of prior FY) in FV for any equity awards granted in any prior year that vested at the end of or during FY | | | $— | | |
$(
|
| |
$(
|
| |
$(
|
|
| | DEDUCT : FV at the end of the prior FY for awards granted in any prior year that failed to meet applicable vesting conditions during FY | | | $— | | |
$(
|
| | $— | | | $— | |
| | ADD : Value of dividends or other earnings paid on stock or option awards in FY not otherwise reflected in total compensation | | | $— | | | $— | | | $— | | | $— | |
| | Compensation Actually Paid (as defined by SEC rule) | | |
$(
|
| |
$
(
|
| |
$
|
| |
$(
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 55
|
|
| |
56 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 57
|
|
| |
58 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 59
|
|
|
Name
|
| |
Fees Earned or Paid
in Cash ($) |
| |
Stock
Awards ($)(2) |
| |
Total ($)
|
| |||||||||
| Adam Gross | | | | $ | 60,000(1 ) | | | | | $ | 155,026 | | | | | $ | 215,026 | | |
|
Alesia J. Haas
|
| | | $ | 80,000 | | | | | $ | 155,026 | | | | | $ | 235,026 | | |
|
Kendall Handler(3)
|
| | | $ | 50,000 | | | | | $ | 155,026 | | | | | $ | 205,026 | | |
|
Jay Herratti
|
| | | $ | 55,000 | | | | | $ | 155,026 | | | | | $ | 210,026 | | |
|
Ida Kane
|
| | | $ | 60,000 | | | | | $ | 155,026 | | | | | $ | 215,026 | | |
|
Mo Koyfman
|
| | | $ | 75,000(1 ) | | | | | $ | 155,026 | | | | | $ | 230,026 | | |
|
Spike Lee
|
| | | $ | 50,000 | | | | | $ | 155,026 | | | | | $ | 205,026 | | |
|
Joseph Levin (4)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | |
|
Nabil Mallick
|
| | | $ | 55,000(1 ) | | | | | $ | 155,026 | | | | | $ | 210,026 | | |
|
Glenn H. Schiffman
|
| | | $ | 50,000(1 ) | | | | | $ | 155,026 | | | | | $ | 205,026 | | |
|
Name
|
| |
Outstanding
RSUs (#) |
| |||
|
Adam Gross
|
| | | | 28,441 | | |
|
Alesia J. Haas
|
| | | | 28,441 | | |
|
Kendall Handler
|
| | | | 28,441 | | |
|
Jay Herratti
|
| | | | 34,816 | | |
|
Ida Kane
|
| | | | 28,441 | | |
|
Mo Koyfman
|
| | | | 28,441 | | |
|
Spike Lee
|
| | | | 28,441 | | |
|
Nabil Mallick
|
| | | | 28,441 | | |
|
Glenn H. Schiffman
|
| | | | 28,441 | | |
| |
60 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 61
|
|
|
Plan Category
|
| |
Number of Securities to be
Issued upon Exercise of Outstanding Options, Warrants and Rights (A) |
| |
Weighted-Average Exercise
Price of Outstanding Options, Warrants and Rights (B)(4) |
| |
Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (A)) (C) |
| |||||||||
|
Equity compensation plans approved by security holders (1)(2)(3)
|
| | | | 31,159,741 | | | | | $ | 5.82 | | | | | | 9,702,745(5 ) | | |
|
Equity compensation plans not approved
by security holders |
| | | | — | | | | | | — | | | | | | — | | |
|
Total
|
| | | | 31,159,741 | | | | | $ | 5.82 | | | | | | 9,702,745(5 ) | | |
| |
62 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| | | | |
Vimeo Common Stock
|
| |
Vimeo Class B Common Stock
|
| |
Percent of
Vote |
| |||||||||||||||||||||
| |
Name and Address of Beneficial Owner
|
| |
Number of
Shares Owned |
| |
% of Class
Owned |
| |
Number of
Shares Owned |
| |
% of Class
Owned |
| |
(All Classes)
|
| |||||||||||||||
| |
BlackRock, Inc.
55 East 52nd Street New York, NY 10055 |
| | | | 14,562,786(1 ) | | | | | | 9.3 % | | | | | | — | | | | | | — | | | | | | 5.8 % | | |
| |
The Vanguard Group
100 Vanguard Blvd. Malvern, PA 19355 |
| | | | 13,626,355(2 ) | | | | | | 8.7 % | | | | | | — | | | | | | — | | | | | | 5.4 % | | |
| |
Southeastern Asset Management, Inc.
6410 Poplar Ave., Suite 900 Memphis, TN 38119 |
| | | | 10,270,517(3 ) | | | | | | 6.6 % | | | | | | — | | | | | | — | | | | | | 4.1 % | | |
| |
Jackson Square Partners, LLC
One Letterman Drive Building A, Suite A3-200 San Francisco, CA 92129 |
| | | | 9,681,775(4 ) | | | | | | 6.2 % | | | | | | — | | | | | | — | | | | | | 3.9 % | | |
| |
Barry Diller
|
| | | | 11,527,867(5 ) | | | | | | 7.0 % | | | | | | 9,399,250(6 ) | | | | | | 100 % | | | | | | 38.4 % | | |
| |
Joseph Levin
|
| | | | 5,337,440(7 ) | | | | | | 3.2 % | | | | | | — | | | | | | — | | | | | | 2.1 % | | |
| |
Anjali Sud
|
| | | | 2,746,727(8 ) | | | | | | 1.8 % | | | | | | — | | | | | | — | | | | | | 1.1 % | | |
| |
Gillian Munson
|
| | | | 166,920(9 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Mark Kornfilt
|
| | | | 1,469,291(10 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Michael A. Cheah
|
| | | | 367,607(11 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Narayan Menon
|
| | | | 1,255,536(12 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Adam Gross
|
| | | | 4,406(13 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Alesia J. Haas
|
| | | | 4,406(14 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Jay Herratti
|
| | | | 10,781(15 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Ida Kane
|
| | | | 4,406(16 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Mo Koyfman
|
| | | | 4,779(17 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Spike Lee
|
| | | | 4,406(18 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Nabil Mallick
|
| | | | 4,406(19 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 63
|
|
| | | | |
Vimeo Common Stock
|
| |
Vimeo Class B Common Stock
|
| |
Percent of
Vote |
| |||||||||||||||||||||
| |
Name and Address of Beneficial Owner
|
| |
Number of
Shares Owned |
| |
% of Class
Owned |
| |
Number of
Shares Owned |
| |
% of Class
Owned |
| |
(All Classes)
|
| |||||||||||||||
| |
Glenn H. Schiffman
|
| | | | 679,145(20 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
Alexander von Furstenberg
|
| | | | 107,157(21 ) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
| |
All executive officers and directors as a group (11
persons) |
| | | | 3,643,290 | | | | | | 2.3 % | | | | | | 9,399,250 | | | | | | 100 % | | | | | | 1.5 % | | |
| |
64 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 65
|
|
| |
66 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 67
|
|
| |
68 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 69
|
|
| |
70 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 71
|
|
| |
72 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 73
|
|
| |
74 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 75
|
|
| |
76 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 77
|
|
| |
78 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 79
|
|
| |
80 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 81
|
|
| |
82 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 83
|
|
| |
84 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
| | | | |
Three Months Ended
December 31, |
| |
Twelve Months Ended
December 31, |
| ||||||
| | | | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
|
| |
Reconciliation of net loss to Adjusted EBITDA:
|
| | | | | | | | | | | | |
| |
Net loss
|
| |
$(5.1)
|
| |
$(24.0)
|
| |
$(79.6)
|
| |
$(52.8)
|
|
| |
Add back:
|
| | | | | | | | | | | | |
| |
Income tax provision (benefit)
|
| |
0.5
|
| |
0.4
|
| |
1.9
|
| |
0.8
|
|
| |
Other (income) expense, net
|
| |
(2.1)
|
| |
(0.1)
|
| |
(5.8)
|
| |
(10.2)
|
|
| |
Interest expense-related party
|
| |
—
|
| |
—
|
| |
—
|
| |
0.7
|
|
| |
Interest expense
|
| |
0.1
|
| |
0.1
|
| |
0.5
|
| |
0.4
|
|
| |
Operating loss
|
| |
(6.5)
|
| |
(23.6)
|
| |
(82.9)
|
| |
(61.0)
|
|
| | Operating Loss Margin | | |
(6)%
|
| |
(22)%
|
| |
(19)%
|
| |
(16)%
|
|
| |
Add back:
|
| | | | | | | | | | | | |
| |
Stock-based compensation expense
|
| |
12.1
|
| |
14.4
|
| |
64.3
|
| |
44.9
|
|
| |
Depreciation
|
| |
0.1
|
| |
0.3
|
| |
2.2
|
| |
0.9
|
|
| |
Amortization of intangibles
|
| |
1.2
|
| |
1.3
|
| |
5.1
|
| |
5.8
|
|
| |
Contingent consideration
|
| |
(0.5)
|
| |
—
|
| |
(1.1)
|
| |
—
|
|
| |
Restructuring costs
|
| |
—
|
| |
—
|
| |
4.2
|
| |
—
|
|
| |
Adjusted EBITDA
|
| |
$6.5
|
| |
$(7.6)
|
| |
$(8.2)
|
| |
$(9.4)
|
|
| |
Adjusted EBITDA Margin
|
| |
6%
|
| |
(7)%
|
| |
(2)%
|
| |
(2)%
|
|
| |
|
| |
|
| |
Vimeo, Inc. 2023 Proxy Statement 85
|
|
| |
86 Vimeo, Inc. 2023 Proxy Statement
|
| |
|
| |
|
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|